Shifting Political Views and Covid Concerns Pull Down Consumer Sentiment

– January 15, 2021

“Consumer sentiment fell in early January, driven largely by ideology. Combined with renewed restrictions and weakening economic activity, the outlook remains highly uncertain.” – Robert Hughes

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Manufacturing Output Rose in December But Remains Below Pre-pandemic Levels

– January 15, 2021

“Manufacturing continued to recover in December despite reinstated government restrictions.” – Robert Hughes

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Retail Sales Decline for a Third Consecutive Month

– January 15, 2021

“Retail sales fell in December as reactionary government policies delay economic recovery.” – Robert Hughes

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Initial Claims for Unemployment Benefits Surge to 965,000

– January 14, 2021

“Initial claims for unemployment benefits jumped in the latest week and remain high as renewed government restrictions continue to threaten the recovery.” – Robert Hughes

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Job Openings Decline in November

– January 12, 2021

“Job openings fell in November and results among the industries varied widely. With new restrictions on the rise, the outlook remains highly uncertain.” – Robert Hughes

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Favorable readings continue for the AIER Leading Indicators Index but Policy Threats Remain High

– January 12, 2021

“The uneven economic recovery continues, and future expansion is likely, but restrictive government policies remain a significant threat to the outlook.” – Robert Hughes

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Payrolls Post First Drop Since April Plunge

– January 8, 2021

“Payrolls posted a drop in December amid renewed restrictions on consumers and businesses that are further distorting activity and delaying full economic recovery.” – Robert Hughes

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ISM Services Index Remained Strong in December

– January 7, 2021

“The services sector expanded again in December, but renewed lockdowns and restrictions remain a threat to future growth.” – Robert Hughes

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Light-Vehicle Sales Ticked Up in December

– January 7, 2021

“Light-vehicle sales rose in December but stayed at the lower end of the historical range.” – Robert Hughes

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Initial Claims for Unemployment Benefits Are Trending Flat at a High Level

– January 7, 2021

“Initial claims for unemployment benefits remain stubbornly high and renewed government restrictions remain a threat to recovery.” – Robert Hughes

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Manufacturing Sector Ends Year on a Strong Note

– January 5, 2021

“The ISM Manufacturing survey strengthened in December, suggesting continuing recovery from government lockdowns, though Covid-19 and labor shortages remain challenges.” – Robert Hughes

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The Labor Market Ends the Year on a Positive Note but The Outlook Remains Clouded

– December 31, 2020

“Initial claims for unemployment benefits fell but renewed government restrictions remain a threat to recovery.” – Robert Hughes

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